Net income was $467,000. Issued common stock for $77,000 cash. Paid cash dividend of $14,000. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. Paid $117,000 cash to acquire its treasury stock. Purchased equipment for $86,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities
Net income was $467,000. Issued common stock for $77,000 cash. Paid cash dividend of $14,000. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. Paid $117,000 cash to acquire its treasury stock. Purchased equipment for $86,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from financing activities
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12A: The Statement Of Cash Flows
Section: Chapter Questions
Problem 3P
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- Net income was $467,000.
- Issued common stock for $77,000 cash.
- Paid cash dividend of $14,000.
- Paid $115,000 cash to settle a note payable at its $115,000 maturity value.
- Paid $117,000 cash to acquire its
treasury stock . - Purchased equipment for $86,000 cash.
Use the above information to determine
|
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